[10x Research: Bitcoin Bear Market Volatility May Breed Strategic Opportunities] 10x Research pointed out in its latest report that although the sentiment of 'Bitcoin entering a bear market' is growing stronger, many traders still maintain long positions and are under pressure from the decline. The report mentions that the market is once again referencing the old cycle logic of 'three years of growth, one year of decline,' but the key lies in whether a 'crowded consensus expectation' forms, thereby creating opportunities for contrarian strategies. 10x Research stated that Bitcoin is currently testing its long-term upward trendline, which in previous years has consistently marked critical bottoms whenever touched. This could represent a short-term or strategic-level turning point. Bear market volatility is intense and operationally challenging, but it may also foster strategic opportunities.